header-logo header-logo

Generative AI: ready to take the plunge?

132280
Firms wondering whether to dip their toes into the world of generative AI will first need to prepare themselves: Alex Smith sets out key considerations to bear in mind before leaping in
  • Generative AI preparedness for law firms should always start with an assessment of the firm’s information architecture.
  • Firms should give their lawyers the chance to experiment in order to uncover specific use cases.

Promise or peril? That is the question swirling around generative artificial intelligence (AI)—particularly among law firms, who are wondering whether they should dip their toes into these waters or not.

On the one hand, generative AI holds out the promise of unlocking exciting new ways of tackling legal workflows. However, there are very real security and risk issues that need to be mitigated upfront before law firms can confidently take the plunge with generative AI, as well as significant groundwork that needs to be laid to effectively use it.

Given the high stakes, how can firms

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The dangers of uncritical artificial intelligence (AI) use in legal practice are no longer hypothetical. In this week's NLJ, Dr Charanjit Singh of Holborn Chambers examines cases where lawyers relied on ‘hallucinated’ citations — entirely fictitious authorities generated by AI tools
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
back-to-top-scroll